- Year built
- 2008
- Type
- Condominium
- Units
- 23
- Floors
- 2018
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 14 Hope Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The single most valuable fact about 14 Hope Street is on its tax bill. The building carries a 25-year 421-a exemption, the long form of the city's new-construction benefit. The exemption covers the added assessed value created by the new building, so owners are taxed on roughly the value of the old lot while it runs. It began with the 2011 tax year, and on the fiscal 2027 roll it still removes roughly 96 percent of a typical apartment's assessed value. Many Williamsburg condominiums of this vintage carried shorter benefits. NV on North 5th Street, finished a year later, had fifteen years and has paid full taxes since 2025. This one runs into the mid-2030s.
That makes 14 Hope a carrying-cost story before it is anything else. The building itself is modest: a five-story, 23-residence condominium on a side street between Roebling and Havemeyer, a block north of Grand Street. It has no full-time staff and uses through-wall heating and cooling. It does have two features that are rare at this size on the east side of Williamsburg: a below-grade garage and a set of deeded rooftop cabanas.
The sponsor bought the lot in 2006, filed for a new building that August, and demolished a vacant one-story building the following year. The offering plan was accepted in September 2008, the declaration was recorded a year later, and the 23 apartments sold between September 2009 and May 2011.
Architecture and unit composition
Twenty-three residences sit on floors two through five over a ground floor of community-facility space and a cellar garage. Floors two through four each hold six apartments (A through F), and the fifth floor holds five penthouses. Department of Finance unit areas run from about 735 square feet for the smaller one-bedrooms to about 1,270 for the largest two-bedrooms. Units 2A, 2B, 2E and 2F and penthouses PHB through PHE have private terraces, per the offering plan.
The cabanas. Seven small cabana units, about 260 to 390 square feet each, sit on the roof for recreational use. Each is a separate deeded condominium unit. The offering plan restricts them to residential owners and requires that a cabana be transferred to another residential owner when its apartment is sold. In 2019 the board of managers bought four of the seven from the sponsor, so the board now holds them as common assets.
Parking and storage. The cellar holds 18 garage units and 30 storage units, each separately tax-lotted. The sponsor kept one garage space, the building's accessible space, and leases it rather than selling it, per the offering plan. Most apartments were sold with a storage unit and many with a garage space. As with the cabanas, check the deed rather than the listing.
The ground floor. Two community-facility units of about 4,520 square feet each have their own street entrances. The offering plan restricts them to community-facility uses such as schools, houses of worship, colleges and hospitals. Under the budget they contribute only a small share of certain shared expenses. One remains with an affiliate of the sponsor.
Building operations
The 421-a clock. The Department of Finance exemption roll records 421-a code 5114 on all 80 lots, with a 25-year term, benefit start 2011, base year 2006, at full value on the fiscal 2027 roll. The offering plan says the benefit will "decrease progressively." On the statutory 25-year schedule, the full exemption runs 21 years and then steps down 20 percent a year over the last four. For this building that means full value through about fiscal 2031, a step-down across fiscal 2032–2035, and full taxes from about fiscal 2036 (July 2035). The documents we reviewed do not explain why this building qualified for the 25-year term rather than a shorter one, and we found no affordable-unit requirement. Confirm the schedule against the current bill. The step-up at the end is large, because the exemption is covering almost the entire assessment.
Reserves are thin. The 2018 audited financial statements on file show a restricted reserve fund of about $136,000. They also note that nothing was added to reserves in 2017 or 2018 because of unexpected operating costs, and that no reserve study had been done. The 2020 approved budget includes a reserve line. Ask for the current figure.
Post-construction repairs were settled. The audited statements record that a 2011 engineer's report identified repair needs, and that the condominium reached a settlement with the sponsor in 2019. The amount was modest, and the 2020 budget records building improvement spending in the same period. Ask the managing agent what the settlement covered and what work, if any, remains.
Staffing is light by design. There is no full-time staff. A part-time superintendent visits about 30 hours a week, per the offering plan. That keeps common charges low. It also means package handling, access and after-hours issues work differently than they do in a doorman building.
Sponsor position. All 23 apartments sold between 2009 and 2011. An affiliate of the sponsor still holds one community-facility unit and two garage units, per the Department of Finance roll. No sponsor-held residences remain.
Recent sales
14 Hope trades as small-building new construction on Williamsburg's east side, priced in dollars per square foot. Terraces, penthouse position and a deeded garage space are the main price differentiators. Resale volume is thin, as it is with 23 apartments. Several resales convey the apartment together with its garage, storage and cabana lots, so a recorded price should be read against what it included.
The comparison that matters most is carrying cost. Against a fully taxed condominium of similar size, an apartment here costs meaningfully less per month today, and it keeps some of that advantage for roughly nine more years, shrinking from about fiscal 2032. A careful buyer prices the apartment on today's bill and discounts for the step-up. A careful seller shows both numbers. Indexed to 2025 as the last complete year, the east-side side-street condominiums trade below the Northside and waterfront buildings, and a building with parking and a live abatement sits toward the top of that band.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Dec 22, 2025 | S19 | $1,955,000 |
| Sep 3, 2025 | 3C | $960,000 |
| Oct 23, 2024 | GU10 | $1,775,000 |
| Feb 5, 2024 | GU15 | $1,750,000 |
| Sep 14, 2021 | 3B | $1,536,000 |
| Aug 23, 2021 | 4C | $889,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02383-7503) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
At the recent median sale of $1.77M (3 sales since 2024), a buyer putting 25% down would pay about $73,304 to close, or 4.1% of the price.
- Mansion tax: $17,750
- Mortgage recording tax: $25,627
- Title insurance: $7,987
- Attorneys, lender, building fees, reserves and filings: $21,940
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Model the whole tax clock. Today's bill reflects a nearly full exemption. Run True Monthly Carrying Cost at today's number and at the fully taxed number that arrives around fiscal 2036. Consider when you expect to sell.
Check the deed for every lot. Apartment, garage space, storage unit and cabana are separate units with separate tax lots. Confirm which ones the contract conveys.
Ask for the current reserve and budget. The 2018 reserve was modest and had not been funded for two years. A buyer's attorney should see current financials and any planned assessment.
Understand the staffing. There is no doorman and no full-time superintendent.
Get the leasing and pet terms in writing. The documents on file establish the right of first refusal and the transient-use ban. The minimum lease term and a general pet policy were not found.
What to know if you’re selling
Sell the abatement with dates. Buyers will discount a benefit they don't understand. Show the current bill, the schedule, and the year full taxes arrive.
Price the accessory units separately. A garage space, a storage unit and a cabana each have value. Showing each one makes the apartment price easier to defend.
Have the repair history ready. The 2019 settlement is in the financial statements. Know what it covered before a buyer asks.
Comparable buildings
If you're considering 14 Hope Street, also evaluate:
- 147 Hope Street — a newer condominium with ground-floor retail on the same street, toward Union Avenue
- 80 Metropolitan Avenue — a 2008 condominium of the same vintage, closer to the waterfront
- 415 Leonard Street — a 2008 condominium at the northern edge of Williamsburg
- 125 North 10th Street — a 2007 Northside condominium with garage parking
- 88 Withers Street (Element 88) — a newer small condominium in northern Williamsburg
- 342 Wallabout Street — recent new construction in the Broadway Triangle section of South Williamsburg
- 65 Eckford Street — a recent small condominium near McCarren Park, where Greenpoint meets Williamsburg
- NV (101 North 5th Street) — a Northside condominium of the same era whose 421-a has already expired; the other side of the tax clock
More Williamsburg buildings
- 135 North 11th Street — 2011 condominium
- 136 Powers Street — 2007 condominium
- 138 Broadway, Brooklyn (The Smith Gray Building) — 1884 condominium
- 143 South 8th Street (Long Island Business College) — 1891 co-op
- 144 North 8th Street — 2011 condominium
- 147 Hope Street — 2017 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Williamsburg.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 14 Hope Street?
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